R. Stanton Dodge - Mar 23, 2022 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Legal Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Mar 23, 2022
Transactions value $
-$4,690
Form type
4
Date filed
3/25/2022, 08:00 PM
Previous filing
Mar 14, 2022
Next filing
Apr 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +564 +0.18% 320K Mar 23, 2022 Direct F1
transaction DKNG Class A Common Stock Tax liability -$4.69K -248 -0.08% $18.91* 320K Mar 23, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DKNG Restricted Stock Units Options Exercise $0 -564 -48.37% $0.00 602 Mar 23, 2022 Class A Common Stock 564 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 564 shares of Class A Common Stock underlying the RSUs listed in Table II, and 248 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 On February 22, 2021, the Reporting Person was granted 6,806 RSUs vesting in twelve (12) equal monthly installments from April 23, 2021.